How to Download Sustainability for the Rest of Us: Your No-Bullsh*t, Five-Point Plan for Saving the Planet MOBI
India faces a compelling need to opt for electric vehicles in a very large scale. This is so, since present Indian import of crude oil is more than 230 million tonne per annum. The import of crude oil has been increasing at 3 to 4% per annum in the past and this trend is likely to continue. India’s foreign exchange earnings are now largely spent on the import of crude oil. Considering the steady increase in import and lack of growth in domestic production of crude oil, it is expected that more than 80 percent of Indian foreign exchange earnings would be spent on the import of crude oil in the next decade. This would be an alarming situation.Therefore, the Government of India wants to switch over to electric vehicles, so that the import dependence of crude oil will reduce significantly. Further, unlike diesel and petrol driven vehicles, there is no emission issue with regard to electric vehicles. With the Government of India targeting large production of electric vehicles in the country, demand for lithium ion batteries is expected to increase in tune with the production of electric vehicles. Further lithium ion batteries are also finding application in growth oriented sectors such as Energy Storage Solution (SES), which is an area with huge demand potential in India. However, lithium ion batteries are not produced in India from basic stage at present. A few projects have been announced, which are still in the planning stage. Therefore, the import of lithium ion batteries is likely to increase significantly. Further, some of the important input components/chemicals used in lithium ion batteries such as lithium, cobalt, nickel, lithium carbonate, lithium hydroxide, polyvinylidene fluoride etc. are not produced in India. In such circumstances, lithium ion batteries and its input components/chemicals represent excellent investment opportunities in India and trading opportunities for the international companies. This well-researched book discusses the Indian automobile scenario, Government of India’s policies with regard to the promotion of electric vehicles, demand potential for lithium ion batteries and its components/chemicals in India by 2023, new projects, likely supply scenario, and demand supply gap. The facts, discussions, and analysis are convincingly presented to the readers with data, graphs and charts.
